Even watching r. T. International after firstly this hour after wall street suffered its 1st automatic hoped in trading in more than 2 decades stocks falling nearly 8 percent World Markets do seem to be slowly recovering today so is the price of oil which also went into freefall yesterday after a price war was triggered by saudi arabia. The u. S. The dow plunged more than 2000 points the worst one day point drop ever prompted by Oil Price War that stunned markets around the world we have a huge market event yesterday is there a lot of investors repriced oil shock the crash restart markets the no 2000 point swing on the dow since the scene for what happens today Business News now starting with the crude oil markets as they try to bounce back from their worst day since 100921. Well prices plunged 30 percent in what has been dubbed black monday in the biggest single day full since the 1st iraq war it was sparked by a spat between top crude surprise riyadh and moscow who couldnt agree on a deal on production with saudi arabia says it is slashing oil prices to grab market share from russia it follows russias refusal last week to back and plan to cut Oil Production to bolster its price believing that would only benefit high cost produces in the u. S. As a result oil prices plunged along with markets although as we said they have rebounded slightly on his own quarter as well. Just when we thought black monday was bad enough things have actually gotten quite worse we saw a huge dive by the Moscow Exchange index and the entire the index for the entire trading system of russia has fallen nearly 13 percent its really it seems like an economic bloodbath really and we heard from the spokesman of the Moscow Exchange earlier talking about it. We see sharons fooling prices changing every 2nd top Russian Companies also down and specifically the ruble fooling against the dollar but the slide of the route has slowed since the stock market opened now all this has obviously had a very negative effect on the ruble its seen its biggest decline in value since 2016 but the finance ministry is saying that it has this situation under control and it wants it wont fail to carry out its budgetary obligations moscow also believes its got enough reserves to wait out this crisis to the end and come out in one piece on the other side today we heard the kremlins game plan. The Russian Economy Development ministry plans to change the system of management of state Capital Investments i mean volatility on external markets a vast number of investment projects have been withdrawn from the impact of market fluctuations. The president has repeatedly said that the russian economy has the needed safety margin to absorb this temporary instability amid Global Markets is turbulence and volatility algeria and france are already calling on saudi arabia to better coordinate with the International Community on influencing these oil prices now as of now the next meeting between opec and russia is scheduled for march 18th so hopefully theyll be able to save their 3 year long streak of cooperation and prevent a deeper economic crisis from unfolding dont go to their well analysts we spoke to did say that saudi arabia and their opinion is playing a losing game. And observer markets see this coming the credit bubble blowing up again this is part 0 of the 2008 financial crisis you know it turns out russias best at that you know a lot of coal oil going you know russias cost of energy is about 7. 00 a barrel yea saudi arabia is close to 3. 00 a barrel russia has got no debt and theyve been buying goal meanwhile in usa and america their cost is well sort of 50. 00 and this will be the complete this arrangement of the american shale industry saudi arabia and america are really that position that this International Oil kolker game and i think russias all the 3 aces the Current Situation clearly the saudis are to blame they have taken a move to use only benefit the only potential advantage in the general strategic mikey of alien terms is the surprise tadi arabia vastly increased production to create a huge price drop and with potential for further price drops were talking some some analysts fear prices could go as low as 23. 00 a barrel which would be levels of the early ninetys and this move was solely precipitated by the saudi arabia simply because the russians did not go along with the previous proposal when in fact there was room for further negotiation what print some man wants to achieve with this remains unclear because his Oil Production increase is also compromises the saudis states ability to fulfill its welfare function and therefore to keep domestic stability. Have had to be a peyton hasnt ruled out staying in power have thats what the people want made the suggestion is doing the discuss potential changes to the constitution however the president did say would be up to the people to decide in a public vote next month i got more details from would have guessed. So my reported mr putin say exactly well his speech his address to the parliament was basically a summary of why this is needed why these constitutional amendments are necessary he also address the number of points additional amendments that the parliament had come up with among them was an amendment that would potentially lift the constitutional limit on the number of president ial terms anyone president can serve here blag me of putin was asked whether he supported it to which he replied no. For the long run society should have guarantees that the regular change of power. We need to think about future generations should i consider it inappropriate to remove from the constitution a restriction on the number of president ial terms look he said russia has had its fair share of revolutions upheavals changes in power you know every time people expected Something Better to come of it and every time what they got was the opposite of corruption mass deaths its been hectic not only putin says theres no more appetite for revolutions in russia but people want change and this is you know this is inside everyone of us we want you blood and he says the point of a limit to the number of times a president can serve is to make sure that theres new ideas new faces coming into the government all the time taking russia into a new level evolving helping keep up with the times but blood near putin was also asked of another potential constitutional amendment of the reset of his president ial limit so potentially allowing him to serve another 2 terms given how wide reaching these constitutional amendments are theyre changing almost every aspect. Of life for russians and heres what that were putin had to say potentially that. The 2nd proposal means removing the restriction from any citizen and the incumbent president inclusively and allowing the future participation in the elections its citizens to support this amendment during the vote on april 22nd this option would only be possible under one condition if the Constitutional Court gives an official ruling that this will not contradict the laws of the constitution worth mentioning is that Vladimir Putin didnt say whether he would run for another term if the Constitutional Court deemed these potential amendments regarding resetting his president ial terms as legitimate as legal so you know thats still up in the air and how do you think the public would react to this then if they had the chance to vote on what people people are going to react differently i mean likely of putins support his support levels his poll numbers away up he still has majority support an overwhelming majority support but he this is his 4th president ial term ease an old face and he said himself that you know new blood is needed new faces are needed in Government People people want new people want evolution. And here again people will be voting only on whether Vladimir Putin is allowed to run for another 2 terms this is a whole host of issues and the moments that people will be voting for a new livable minimum wage establishing marriage as Something Union between a man and a woman forbidding parliamentarians potential candidates with jule citizenship for running from running for high office so these are this is a huge array of changes and likely putin here says that theyre absolutely necessary that was the gist of his speech to parliament because times are changing. Hes a troubled nevertheless that is his take on how things will turn out it is entirely another whether russians agree with him and the vote is next month in april and that is when people will decide ultimately whether they believe his words whether they believe that these amendments will make for a better tomorrow. In other news tonight is the spread of the corona virus continues to affect the markets is least responded to the outbreak by putting the entire country into lockdown with more than 9000 infections up more than 1500 on monday alone the country is now the 2nd worst affected after china the number of deaths has risen soon recent days to more than 460. I am about to send a decree that we can sum up with the expression day of homes there will no longer be a red zone there will no longer be a zone one or a zone on our peninsula there will be at lee at least that is a protected zone i mean restrictions uprisings broke out in a number of jails prisoners in bologna a have been rioting since yesterday after they took over in jail and set it on fire in milan inmates were filmed on a rooftop there burning items and shouting freedom and 60 tinys died in clashes in the Northern City of medina while in sicily relatives of prisoners gathered near a jail concerned that the prisoners could be infected by the covert 19 virus prisons girl said reported to by new rules which have seen family visits suspended for citizens in the italian capital lined up in long queues at supermarkets there on monday night after the countrys pm extended the lockdown measures to the entire country meanwhile some italians were seen fleeing from the peak of the outbreak in the north to sicily in the. Love instant you relations requires a strong sense of responsibility especially for younger one because for example im coming from the nato and probably put myself through voluntary quarantine and i do not agree it is the right time to go around exporting germans added gas in any case it is a question of respect for us and for others in particular because i am 25 years old there are 3 other numbers are. Unfortunately were in a situation where finding a safe place is getting complicated so the situation is already out of hand before one good school is clearly that everyone takes on their responsibilities and thats appropriate precautions are taken from one self as far as a. Political analyst palaver if only believes it needs efforts to contain the barossa so far for in short whats needed. Italy is a democratic country and there are a number of interests and to be taken into account already the effects on the stock markets are very severe and therefore the government is trying to find a middle way between the containment of the virus and the Economic Needs but the 1st thing is the participation of the responsible to disobey should not be done in citizens which this doesnt happen i mean the least no way to contain the virus you have as confidence is and can intervene above the Member States but even in this case because passage of the e. U. To intervene in this emergency has been very vague. Calling just the sort of solidarity among states which has not been seen. The top Publishing Agency hatchet has cancelled a biography by the film director woody allen who have a child sex abuse allegations the decision came after employees of the publisher walked out over the plan but woody allen has repeatedly they denied the allegations against him our correspondent Kelly Bachmann has more. Marrow of me too it seems that Book Publishers in the United States are becoming book burners thats after hatchet decided to torch the auto biography of the u. S. Comedy icon and filmmaker woody allen this isnt cannes who mr jones was difficult to take. Very seriously and did not cancel books lightly now hatchett has previously published a book by a serial killer they have no problem with controversial authors however after their own employees staged a walkout they caved so whats the issue at hand allegations that woody allen molested his daughter and alan has denied these allegations for decades backing this up is ronan farrow woody allen the son who happens to also be amy to pioneer and a nother client of hatchet. I was disappointed to learn through press reports that hatchett my publisher acquired woody allens memoir off to other major publishers refused to do so do not function the woody allen book my sister has never been contacted to respond to any denial or mischaracterization of the abuse she suffered at the hands of. Now there have been 2 criminal investigations into woody allen and no charges have been brought against him but over the course of 2 decades he has received 8 Oscar Nominations as well as one of those prestigious gold statues well the me too movement has taken the shine off of his success now some celebrities at this point are worried that cancel culture has gone a little bit too far the hatchett decision to drop the what do you alan book makes me very uneasy its not him i dont give a damn about mr allen its who gets muzzled next that worries me im always afraid when the mob however small and well read exercise its power without any count ability process or address the tritons me much more than the prospect of woody allen so to biography hits in the bookstores woody allen is not the only celebrity to have recently been cancelled lets find out what new yorkers think about this new climate i wouldnt have pulled it if i was them because so many other artists have done so many other crazy things and they saw things published so there may have been a tremendous amount of pressure to be politically correct whatever that means now a days social media is definitely. A place where things to have a style get a lot of the same time those allegations can also become true questions continue to be raised about what cancel culture really means and how far it should be permitted to go up and artsy new york. But arties editor in chief Margarita Simonyan has proposed helping to publish the filmmakers book saying it is a question of freedom of speech which the. U. K. Army veterans from the commonwealth and International Association of states for many part of the british empire. I have criticised what they call the grave injustice that they could be deported and pays from the Ruling Conservative Party now calling on the government to help form a Service Members with the complex and costly procedures to stay in the country. Its hard to imagine people more entitle to live in our own lives than those who are forced to defend them we need to look hard at these cases and ensure we support those who should have been able to stay all alone this does seem wrong i hope the home office will rectify this quickly and save these former british soldiers from the trauma of Court Proceedings and further delay and the home office rules commonwealth that friends who have served at least 4 years in the u. K. Armed forces can apply for indefinite leave to remain or so known a settlement however many cannot afford the procedures which can cost thousands of pounds and those who dont apply could be forced to leave britain a veteran told us that their treatment by the government is appalling we should not be in these are the 1000000 applications today or more. Than that. And it didnt really used to mean refusing me or. The armed forces from the air or army it refused me from working in. Which an 8 now i have. Only one you see i mean theres room. For them and out there. I mean theres room. To do is mean there remain as were not quite sure what the wife of a british soldier from south africa has started nonaligned petition to make life long stay in the free for all commonwealth veterans she shared her thoughts on the story. They have so subtly in country they have for falcon country i mean what has been the lebanese hes done 2 tours hes. Straights. Do not after a terrorist attack take a taxi stand not entitled to any benefits or anything like that why have we charges such a ridiculous amount of money for them to remain in the u. K. Pop to death done everything thats done we lived life to children and that it was come to redundancies and i was a bit worried that its like i said oh ok we need to start making sure that money aside and the face just kept going up and up every year every day when they got their escape my husband and said but subclass occur to me having to explain to my 2 Young Children if anything happened to him genuinely career i think they need to reevaluate the costs. Now in the us there has been significant irregularities in democratic primary voting including close to relocate to polling stations and the extreme in long keys according to the league of united latin american citizens we got the views of independent you cite the gray zone he did say that the organization of american states should maybe take a look at the claim. The u. S. Must send an emergency Election Monitoring Team to the United States to ensure independent scrutiny for president ial primaries that has been marred by clear regularities and this is and highly discriminatory obstruction of citizens right to vote in the United States what we actually have witnessed are major discrepancies between exit polling data in the democratic 2020 primary and the final computer count which is being conducted in a very opaque fashion weve seen in minority and poor communities people having to wait in line for 5 hours just to vote in the state of texas 750 polling places have been removed since 2012 that means there is one. Polling place for every 7700 people and this is particularly an acute problem in latino and africanamerican areas why are there no election monitors in the u. S. Why does the oas only send election monitors to places like bolivia to falsely allege fraud and trigger military coups if texas or New Hampshire or South Carolina were socialist latin american countries the cia through the oas would have already installed a right wing government like that of janine on us today in bolivia well in a hotel you with the keys believe you socialist government of irregularities and vote counting would lead to even moralez having to step down after being told to you by his military however and you top level us study has found no evidence of Election Fraud in the form of believe in lida he was not in political asylum in argentina says the u. S. Stole the elections. Last year we won in the 1st row you know researchers and scientists are demonstrating that there was no fraud on october 20. 3 and lets not have any fear of dictatorship brothers and sisters we are going to defeat the dictatorship with democracy with the conscience of the bolivian people the Un Human Rights Organization has expressed concern over the prosecution of dozens of people close to the former president is now headed by a right wing conservative government led by janine an yez who proclaimed interim president with more his. But libya was promised peace what i got was beatings bullets and a whole lot of. Wants boldly waving from the balcony of the president ial palace the self appointed interim president janine anya is now ha its from angry crowds who are chanting assassin killer traitor because the woman who promised peace. I assume the presidency with a midget of fact in line with the constitution and pledge to take all measures necessary to bring peace to the country has waged war on john and as politicians i dont have very own people. That. The director of the state Radio Station was tired to a tree and humiliated for hours. An incident that was reportedly documented by argentine journalist morrow who was found unconscious in his home a day later with injuries to different parts of his body and who died 6 days later. Various Foreign Ministers described whole east containing their home interests as telephone Numbers Family addresses and other personal information are being circulated viral but facebook and other social media. It has also been publicly reported that the lifeless bodies of several people. Killed in the midst of her disappearance allegedly after being collected by Law Enforcement officers and no further information has been provided on them says shes only cracking down on the violent supporters of the previous government but either way it seems its easier to make promises of peace when you havent had a taste of power yet manda parity bang is quite likes the taste because despite promising not to seek election may shes decided to throw her hat into the ring of to rule now washington must be pleased it was all to rule in its support of the democratic regime change in the latin American Country but it also considers itself the need of the free walled so surely such reports of brutality would deserve at least a slap on the wrist no. Silence or as good as silence to the killings to the beatings to the tear gas a diluted lets all be well behaved and its not a one off pass why was the indignation when hundreds of human rights activists and leftwing Community Leaders were killed in colombia when there was peace killings in brasilia neighborhoods all when the president was allegedly linked to drug traffickers there wasnt any or it was hard hearted best and what do they all have in common all the countries are run by right wing government tourny have nice things to say about donald trump latin america has long been washingtons playground from panama to guatemala from venezuela to grenada washington has been keen to strong arm in sympathetic leaders and it seems that once that in human rights be damned. He said it with that report thats how things are looking here in r. T. Were back again at the top of the hour. Quite adoptions driven by banks failing and countries failing and now in la but i got a huge crisis and of course big plans come to the rescue. Never not once not. Enough loose often not done one might have been a tough the definitions enough im bad and the. Ones you king i need south. And. Take them in equal to the south yes it did me good docs to give them a head and then yes when you bring. How is that guys. Now. Moving right now i think a lot of boys how did you know one of each. Side is out. On the list just feeling if one means a leftist i. E. Not be deep better than him he faced them tokyo planned it was going to happen to go didnt. Like. His work was because did a piece of dancing coral cultural pretty high on the premise. The world is driven by a dream shaped by one person. Sinks. We. Ask. Them salutation those who would of thought even today in the 21st century with all of our knowledge all of our are within our know how the world would once again be in panic mode over one small little teeny weeny organism so small you can even see it with your naked eye yes the coronavirus is still globe trotting and making headlines by arc watchers as nations around the globe hope to slow its role italy just an act of one of the largest ever attempts to restrict the movement of people in a democracy with a lock down of a Northern Region affecting the almost 16000000 people and israel got in the game announcing a 14 day quarantine for all international rivals not just people traveling from countries with major outbreaks meanwhile back here in the good old us of a our Congress Went full panic mode because not only is wall street still tumbling but the coronavirus made a surprise visit to what was once the republican partys safe haven the conservative Political Action conference or c. Pac yes now thanks to its cameo in c. Pac the corona virus has forced u. S. Senator ted cruz to self quarantine for 14 days after he briefly shook ands with the sea pack carrier but kovac 19 sounds like come on irene isnt the only small little virus leaving bodies in its wake and making headlines these days no blackwaters own former founder erik prince is back